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Press release from Newsfile Corp

InvestorIntel - Matamec Explorations: Feasibility Study Completed; Advancing North American Heavy Rare Earth Play with Toyota

Wednesday, September 18, 2013

InvestorIntel - Matamec Explorations: Feasibility Study Completed; Advancing North American Heavy Rare Earth Play with Toyota

16:41 EDT Wednesday, September 18, 2013

Toronto, Ontario--(Newsfile Corp. - September 18, 2013) - Tracy Weslosky, Publisher of InvestorIntel interviews André Gauthier, President and CEO of Matamec Explorations Inc. (TSXV: MAT) (OTCQX: MHREF) and discusses the company's recently released Feasibility Study (with $2.55 billion in projected revenues), the details of Matamec's Kipawa JV Heavy Rare Earths Project with Toyota, future corporate milestones, and -with millions in the company treasury - Matamec's strategy moving forward. Matamec's primary focus is developing the Kipawa Heavy Rare Earths Deposit with JV partner, Toyota in Quebec.

Weslosky starts: I'm here today with the President and CEO of Matamec Explorations, André Gauthier. André, how are you today?

AG: Very well, Tracy, and with good news announced to our investors and shareholders.

TW: Good news I think is a major understatement. You've just announced your completion of your Feasibility Study and I couldn't help but notice the $2.55 billion for projected revenues.

AG: Yes, it's good revenue. What's very important with our Feasibility Study is the revenue, but it's also the economics of the project. The most important point to note is that compared with the Preliminary Economic Assessment (the PEA), we increased the CAPEX by 18% and we've decreased the OPEX by 13%.

TW: The catalyst for doing this was your JV deal with Toyota. Can you tell some of our audience that may not be familiar with you - our dark horse from Quebec - about your JV deal with Toyota?

AG: Matamec's JV with Toyota was signed in July of 2012 and it's with Toyota Tsusho Corp., a subsidiary of Toyota Motors. We signed that joint-venture agreement with Toyota because it's a big player in the global rare earths market. Toyota is one of the biggest car manufacturers and they use a lot of rare earths. As such, the JV with Toyota is very important for our company.